REG - Frontier IP Group - Exercise of Options & Total Voting Rights

Frontier IPAnnouncement

14/09/2023 07:00

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RNS Number : 3747M  Frontier IP Group plc  14 September 2023

AIM: FIPP

14 September 2023

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

Exercise of Options, Issue of Equity

and

Total Voting Rights

 

Frontier IP, a specialist in commercialising intellectual property, announces
that it has issued and allotted 47,000 ordinary shares of 10 pence each in the
Group (the "New Ordinary Shares") following an exercise of 47,000 options on
13 September 2023. The options have been exercised as follows:

 

 Grant Date   Number of Options  Exercise Price
 11 May 2017  47,000             40 pence

 

The New Ordinary Shares have been issued pursuant to the exercise of options
granted to an employee under the Frontier IP Group plc Employee Share Option
Scheme 2011. The New Ordinary Shares rank, pari passu, in all respects with
the Company's existing ordinary shares of 10p each ("Ordinary Shares").

 

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM. It is expected that admission of the
47,000 New Ordinary Shares to trading on AIM will become effective on, or
around, 21 September 2023 ("Admission").

 

Total Voting Rights

Following Admission, the issued share capital of the Company will consist of
55,734,553 Ordinary Shares, with one voting right per share. The Company does
not hold any Ordinary Shares in treasury. Therefore, the total number of
Ordinary Shares and voting rights in the Company will be 55,734,553. From
Admission, this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

 

ENQUIRIES

 

 Frontier IP Group Plc                                                  T: 020 3968 7815
 Neil Crabb, Chief Executive                                            neil@frontierip.co.uk

 Andrew Johnson, Communications & Investor Relations                    M: 07464 546 025

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)

 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656

 Nick Athanas / George Payne

 Singer Capital Markets (Broker)                                        T: 0207 496 3000

 Harry Gooden / James Fischer

 

ABOUT FRONTIER IP

Frontier IP unites science and commerce by identifying strong intellectual
property and accelerating its development through a range of commercialisation
services. A critical part of the Group's work is involving relevant industry
partners at an early stage of development to ensure technology meets real
world demands and needs.

 

The Group looks to build and grow a portfolio of equity stakes and licence
income by taking an active involvement in spin-out companies, including
support for fund raising and collaboration with relevant industry partners at
an early stage of development.

 

 

 

 

 

 

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